Bank of Korea Holds Key Rate at Record Low, Cuts Growth ForecastBy
Follows surprise move to reduce borrowing costs last month
Governor Lee says monetary policy to remain accomodative
South Korea’s central bank held its benchmark interest rate at a record low on Thursday while cutting its projection for growth and inflation amid uncertainty to the economic outlook.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- Tesla Unveils ‘World’s Fastest Production Car’ and Electric Big Rig
- Norway Idea to Exit Oil Stocks Is ‘Shot Heard Around the World’
- Goldman Sachs Sees Four 2018 Fed Rate Hikes as U.S. Growth Gains
- Honda Recalls 800,000 Odyssey Minivans Linked to Injuries
- The Questionable Math Behind Manafort’s Extravagant Home Renovations